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To: LindyBill who wrote (251135)	5/21/2008 8:09:57 PM
From: Snowshoe	Respond to of 793862

He's talking gasoline, not oil. I think it retails for about 20 cents/gallon in Saudi Arabia. That's part of why we can't get any more oil out of OPEC. Their own internal consumption is skyrocketing thanks to the petro-dollars flooding in. The more they use, the less available for export. It's a vicious circle.

To: LindyBill who wrote (251135)	5/21/2008 10:05:54 PM
From: SirWalterRalegh	Read Replies (1) \| Respond to of 793862

It's the same as the rest of the world, less type of oil, transportation cost and local State subsidies. Oil is fungible, and prices the same the world over, just like a share of MSFT. Think of the oil problem in terms of the US balance of payments. If we produce all of our own oil the amount of money transferred to the Arab states, Canada and Mexico will be ZERO, zilch, nada.